Dayspring, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.2% |
Quarterly trend | 3.5% |
Stock on market | 0.8% |
Apartment
Median price | $300,000 |
Monthly growth | 0.9% |
Quarterly trend | 2.1% |
Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $250,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,000 |
Population Change | 7.1% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dayspring, Nova Scotia is currently experiencing a period of steady growth. With the median house price sitting at $500,000 and demonstrating a year-over-year increase of 3.5%, the market is healthy but not overheated. This suggests a sustainable growth rate that is in line with historical trends for the region.
Similarly, the median apartment price of $300,000 is showing a more modest increase at a rate of 2.1% year-over-year. The slower growth rate in the apartment sector may reflect a market that is more accessible to first-time buyers and investors looking for lower entry points into the property market.
The population of Dayspring stands at roughly 15,000 residents with an impressive population growth rate of 7.1%. This rapid increase suggests a growing demand for housing which could support the continued appreciation in property values over time.
Investment Opportunities and Potential
The current growth trends in Dayspring’s real estate market offer attractive opportunities for both residential property investors and those seeking to capitalize on rental markets. The solid year-over-year increases in property values indicate that investing in Dayspring properties has the potential for good capital gains.
In light of the significant population growth, there’s likely to be continuous demand for housing which can sustain rental yields and potentially drive further price increases. Investors might consider exploring both traditional buy-to-let strategies as well as short-term rental models given Dayspring’s appeal as a lifestyle destination.
Future Market Outlook
The future outlook for the Dayspring real estate market appears positive based on current indicators. Assuming that the population continues to grow at or near its current pace, it is reasonable to forecast that demand for housing will remain robust.
If economic conditions remain favorable and interest rates are stable, we can expect to see sustained growth in property values across both houses and apartments. However, potential investors and homeowners should be mindful of broader economic factors such as employment rates and regional development plans which could influence market dynamics.
Overall, Dayspring represents an appealing option for both families looking to settle in a growing community and investors seeking properties with appreciation potential in a vibrant Nova Scotian market.